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LONDON, Sept 28 (Reuters) - British newspapers reported thefollowing business stories on Sunday. Reuters has notindependently verified these media reports and does not vouchfor their accuracy.
THE SUNDAY TIMES
BANKS' 14 BILLION POUNDS PENANCE FOR CREDIT CRISIS SINS
The three British banks accused of rigging the foreignexchange market - Royal Bank of Scotland, Barclays and HSBC - are facing a total of about 14billion pounds ($23 billion) in fines to settle a welter ofinvestigations into their conduct in the run-up to the financialcrisis, analysts at Bank of America said.
BRANSON'S BIG PAYDAY AS VIRGIN MONEY LISTS
Richard Branson will be hoping to realise a paper profit ofseveral hundred million pounds with the 2 billion pound stockmarket float of Virgin Money
HIKMA BIDS $1 BILLION FOR AMERICAN DRUGMAKER
The London-listed drugs maker Hikma Pharmaceuticals is working on plans to buy American rival CorePharma for up to$1 billion.
GREENE KING TO RAISE SPIRIT BID
Greene King is weighing up an improved 700 millionpound offer for rival Spirit.
OSMOND REDISCOVERS TASTE FOR RESTAURANTS WITH STRADA FEAST
Hugh Osmond will make a return to the restaurant industrythis week - 13 years after leaving Pizza Express - with the 37million pound purchase of the Italian dining chain Strada.
SPRUCED UP ANGLIAN POISED FOR 150 MILLION MARKET RETURN
Anglian Home Improvements has opened the window to a stockmarket comeback, with its owners hiring investment bankers toplot a 150 million pound listing.
ELECTRA CHAIRMAN SLAMS ACTIVIST
The chairman of Electra, the listed private equityfirm, has delivered a withering assessment of plans by anactivist investor to add 1 billion pound of value to thebusiness.
THE SUNDAY TELEGRAPH
IAG CLEARS FLIGHT PATH FOR FIRST DIVIDEND
International Consolidated Airlines Group isclearing a flight path towards paying its first dividend sinceits creation in 2011 through the merger of British Airways andSpain's Iberia. Analysts believe shareholders will receive theirfirst payment at the end of its 2015 financial year.
AVIVA HEAD SLAMS CAR INSURANCE REVIEW
The head of insurer Aviva slammed the government'scompetition watchdog's attempt to reform the motor insurancemarket. Wilson said the CMA's investigation "had a flat tyrebefore it hit the road".
EU LIFTS PAYOUT BAR ON NORTHERN ROCK
The government should soon start to receive dividends fromthe nationalised lenders Northern Rock and Bradford & Bingleyafter an EU ruling paved the way for "dividend-blocking"bondholders to be bought out.(1 US dollar = 0.6155 British pound) (Reporting by Matt Scuffham; Editing by Raissa Kasolowsky)
